Bellevue Group AG Reduces Holdings in Sensata Technologies Holding plc (NYSE:ST)

Bellevue Group AG reduced its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 40.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,900 shares of the scientific and technical instruments company’s stock after selling 4,000 shares during the period. Bellevue Group AG’s holdings in Sensata Technologies were worth $342,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ST. Janus Henderson Group PLC grew its holdings in shares of Sensata Technologies by 3.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,349,230 shares of the scientific and technical instruments company’s stock worth $545,822,000 after buying an additional 333,499 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Sensata Technologies by 9.0% during the first quarter. BlackRock Inc. now owns 9,393,353 shares of the scientific and technical instruments company’s stock worth $544,343,000 after buying an additional 771,844 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Sensata Technologies by 332.4% during the fourth quarter. Select Equity Group L.P. now owns 6,309,872 shares of the scientific and technical instruments company’s stock worth $332,783,000 after buying an additional 4,850,690 shares in the last quarter. Boston Partners purchased a new stake in shares of Sensata Technologies during the first quarter worth about $133,239,000. Finally, CI Investments Inc. grew its holdings in shares of Sensata Technologies by 43.0% during the fourth quarter. CI Investments Inc. now owns 1,827,496 shares of the scientific and technical instruments company’s stock worth $96,382,000 after buying an additional 549,700 shares in the last quarter. Hedge funds and other institutional investors own 95.95% of the company’s stock.

In other news, EVP Yann L. Etienvre sold 13,546 shares of the company’s stock in a transaction dated Wednesday, May 5th. The shares were sold at an average price of $57.71, for a total transaction of $781,739.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Lynne J. Caljouw sold 6,467 shares of the company’s stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $59.49, for a total transaction of $384,721.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,707 shares of company stock valued at $1,328,022. Insiders own 2.00% of the company’s stock.

NYSE ST opened at $59.84 on Friday. The stock’s fifty day moving average price is $58.40. Sensata Technologies Holding plc has a 52 week low of $34.42 and a 52 week high of $64.80. The company has a current ratio of 4.02, a quick ratio of 3.41 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $9.46 billion, a PE ratio of 44.99, a P/E/G ratio of 1.55 and a beta of 1.42.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, April 27th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.12. Sensata Technologies had a net margin of 6.52% and a return on equity of 15.28%. The business had revenue of $942.53 million for the quarter, compared to analysts’ expectations of $893.02 million. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities analysts forecast that Sensata Technologies Holding plc will post 3.4 earnings per share for the current fiscal year.

A number of research firms recently issued reports on ST. Barclays boosted their target price on shares of Sensata Technologies from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, April 15th. Royal Bank of Canada boosted their target price on shares of Sensata Technologies from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 28th. Morgan Stanley boosted their target price on shares of Sensata Technologies from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. JPMorgan Chase & Co. upgraded shares of Sensata Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $61.00 to $72.00 in a report on Monday, March 8th. Finally, Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $60.00 to $67.00 in a report on Monday, April 26th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $61.55.

About Sensata Technologies

Sensata Technologies Holding plc, through its subsidiaries, develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment offers pressure sensors, including microfused strain gage, ceramic capacitive, and micro-electromechanical sensors; speed and position sensors, such as magnetic speed and position sensors, and mechanical/electrical control systems; and temperature sensors.

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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